LCNB Corp. Announces the Retirement of Matthew P. Layer EVP and Chief Lending Officer
July 17 2024 - 5:10PM
Business Wire
Layer to retire on September 30, 2024
Jeff D. Meeker, LCNB’s current SVP and Chief
Credit Officer, to assume the EVP and Chief Lending Officer
Role
LCNB Corp. (“LCNB”) (Nasdaq: LCNB) today announced that Matthew
P. Layer, EVP and Chief Lending Officer, will retire from the
Company effective September 30, 2024. As part of the Company’s
established succession plan, Jeff D. Meeker, LCNB’s current SVP and
Chief Credit Officer, will assume the role of EVP and Chief Lending
Officer at September 30, 2024.
“On behalf of everyone at LCNB, I want to thank Matt for his
years of dedication and service. Matt joined LCNB in 1982 and has
been an important part of LCNB’s success and growth over the past
42 years. During this period, LCNB’s loan portfolio has grown from
$31 million to over $1.6 billion at March 31, 2024. During his
tenure at LCNB, Matt cultivated a credit culture focused on
maintaining excellent asset quality and prudent underwriting
standards. Matt has been a trusted advisor and partner to the Bank.
He has been a mentor to many of LCNB’s team members and always
showed an interest in helping others succeed. I wish him all the
best in his well-deserved retirement,” said Eric J. Meilstrup,
LCNB’s President and Chief Executive Officer.
Jeff D. Meeker to Assume EVP and Chief Lending Officer
Role
Meeker joined LCNB in 2013 through the acquisition of Citizens
National Bank, and he has 38 years of banking experience. Since
September 2021, Meeker has served as LCNB’s Senior Vice President
& Chief Credit Officer overseeing the Bank’s commercial,
residential, consumer and agricultural lending areas. In January
2021, he was appointed LCNB’s Head of Loan Operations. Prior to
2021, Meeker held additional positions of increasing responsibility
in the Bank’s lending areas. Prior to joining LCNB, Meeker was the
CFO of the Citizens National Bank of Chillicothe and was the CEO
and President of Clarksburg National Bank. Meeker is a graduate of
Wilmington College (Ohio).
Mr. Meilstrup continued, “Reflective of LCNB’s established
succession plan and deep bench of talent, I am pleased to announce
that Jeff Meeker will assume the EVP and Chief Lending Officer
role. As LCNB’s current Chief Credit Officer, the former CEO and
president of Clarksburg National Bank, and the former CFO of
Citizens National Bank of Chillicothe, Jeff is a proven banker and
leader with a record of lending experience well aligned with LCNB’s
value-driven credit culture. Jeff and Matt have worked closely
together over the past 11 years, and Jeff brings a strong knowledge
of LCNB’s markets, while continuing our strong lending culture and
prudent focus on maintaining excellent asset quality. I look
forward to Jeff’s additional responsibilities and contributions as
a member of LCNB’s executive team.”
About LCNB Corp.
LCNB Corp. is a financial holding company headquartered in
Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the
“Bank”), it serves customers and communities in Southwest and
South-Central Ohio and Northern Kentucky. A financial institution
with a long tradition for building strong relationships with
customers and communities, the Bank offers convenient banking
locations in Butler, Clermont, Clinton, Fayette, Franklin,
Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The
Bank also provides community-oriented banking services to customers
in Northern Kentucky through a bank office in Boone County,
Kentucky. The Bank continually strives to exceed customer
expectations and provides an array of services for all personal and
business banking needs including checking, savings, online banking,
personal lending, business lending, agricultural lending, business
support, deposit and treasury, investment services, trust and IRAs
and stock purchases. LCNB Corp. common shares are traded on the
NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more
about LCNB Corp. at www.lcnb.com.
Safe Harbor Statement:
Statements made in this news release that are not historical
facts are “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, Section 21E
of the Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. These statements are
subject to certain risks and uncertainties including, but not
limited to, adverse changes in economic conditions; the impact of
competitive products and pricing; and other risks and
uncertainties, including those set forth in LCNB’s Annual Report on
Form 10-K for the year ended December 31, 2023, as well as its
other filings with the SEC. As a result, actual results may differ
materially from the forward-looking statements in this news
release.
LCNB encourages readers of this news release to understand
forward-looking statements to be strategic objectives rather than
absolute targets of future performance. LCNB undertakes no
obligation to update these forward-looking statements to reflect
events or circumstances after the date of this news release or to
reflect the occurrence of unanticipated events, except as required
by applicable legal requirements. Copies of documents filed by LCNB
with the SEC are available free of charge at the SEC’s website at
www.sec.gov and/or from LCNB’s website.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717646681/en/
Company Contact: Eric J. Meilstrup President and Chief
Executive Officer LCNB National Bank (513) 932-1414
Shareholderrelations@lcnb.com
Investor and Media Contact: Andrew M. Berger Managing
Director SM Berger & Company, Inc. (216) 464-6400
andrew@smberger.com
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